This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

If the carrying amount of an asset exceeds its recoverable amount, such asset is considered to be impaired. In this session we will be going through a number of IFRSs such as IAS 2 Inventories, IAS 36 Impairment of Assets, IFRS 9 Financial Instruments, IAS 12 Income Taxes, IFRS 15 Revenue from Contracts with Customers, IAS 19 Employee Benefits and IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, focusing specifically on the measurement requirements which ensure that the carrying amount of the relevant assets is not over-stated.

We will be going through the key definitions, initial and subsequent measurement requirements, as well as the various disclosure obligations set out in IFRSs mentioned above. During this two hour session, we will also be going through a number of practical examples encountered by local companies when accounting for impairment of their assets.

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

By the end of the session participants would be knowledgeable of the key impairment measurement and disclosure requirements under the relevant IFRS.

Prerequisites:

Basic knowledge on financial reporting and consolidations is recommended.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Emerson Zammit, Manager, Corporate Accounting Advisory Services, KPMG in Malta

Emerson Zammit joined KPMG during 2018 after completing the Master in Accountancy Degree at the University of Malta. Emerson holds the role of a Manager within the firm’s Corporate Accounting Advisory Services team and has assisted a wide range of clients across different industries with complex financial reporting matters and other tailor-made solutions in compliance with IFRS. Emerson delivers technical training to both local and international clients on specific accounting matters.

Andreas Lanzon, Advisory Assistant, Corporate Accounting Advisory Services, KPMG in Malta

Andreas forms part of the CAAS team at KPMG Malta, working on several IFRS areas. Most notably, Andreas forms part of the insurance team – providing accounting technical advice to local and international clients on the adoption of IFRS 17. He also assists clients with technical advice on various other IFRS and GAPSME standards, as well as the preparation of quarterly VAT Returns. Andreas graduated as a Bachelor of Commerce, majoring in Accounting and Economics, and subsequently graduated as a Master in Accountancy in May 2023. His dissertation, in partial fulfilment for the award of the Master in Accountancy degree, related to ‘The Profitability of Maltese PLCs and the Covid-19 impact’.

Andreas is also an established trainer at KPMG Learning Academy, delivering courses on several IFRS topics.

Discover more courses from our KPMG Learning Suites.

Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

Terms and conditions.